Shao Yifu's donation to teaching buildings and hospitals. Not just donations. Many buildings require "government supporting investment" as a condition. This can be said to be "forcing" additional financial investment in education and medical care. This leverage effect has a far-reaching impact on China's education and other undertakings, benefiting generations.
Shao Yifu also invested100000 yuan in 1985 to protect the murals in Dunhuang Mogao Grottoes.
1990, the Chinese Academy of Sciences named the 2899th planet they discovered as "Running Run Run Run Run Run Run Shaw Star".
According to legend, Shao Yifu was known as "stingy" in his early years. There is a joke that has been passed down to this day: 1970, he donated 500 Hong Kong dollars to a nursing home, and the nursing home immediately returned the money to him.
Many scholars even regard Shaw House and Shaw School as "intervention variables" in statistics to study a series of problems such as education investment, financial allocation and public goods supply in China, which shows the great influence of Mr. Shao.
How to prevent corruption and misappropriation of funds: cost sharing, partners, whether the government or universities, must come up with some real money. Shaw Fund pays 1 yuan, and the partner pays 3 yuan (the specific proportion fluctuates up and down, roughly, for details, see Talking about Existing Buildings-Talking about Shaw Donation Strategy by Li See Fanghua);
According to the Measures for the Administration of Run Run Run Run Shaw Foundation's Mainland Education-funded Projects in Hong Kong, the schools applying need to meet certain qualifications. If it is basic education, the construction project should be built in a school that has been preserved for a long time after the adjustment of the layout structure of primary and secondary schools; The service life of the project should be at least 50 years. Subsidies will be given to complete middle schools, senior middle schools, rural junior middle schools and nine-year compulsory education schools below the county level (including the county level), and teaching buildings and experimental buildings will be built in local (city) special education schools. The provincial education administrative department where the project is located can provide matching funds of not less than 1: 1. At the same time, there are detailed regulations on the size of the school, the number of students in school and the construction area.
In the field of higher education, universities above undergraduate level are funded to build buildings closely related to education and teaching, such as libraries, teaching buildings and experimental buildings. The funding intensity of each project is less than HK$ 5 million, and the scale of the proposed project is between 10000-20000 square meters; The project unit guarantees to provide matching funds at a ratio of not less than 1:3. )。